Special Term Loan scheme for Chartered Accountants by Poonawalla Finance
This pandemic has triggered ample changes and has been disastrous not only to the public healthcare but even for our economy. It seems to have given a dry run even to the 2008 Global Financial Crisis. During these trying times, any sort of special financial scheme comes as a boon. Looking at the current economic sentiments, Poonawalla Finance has rolled out a special Term Loan scheme for Chartered Accountants (CAs).
Poonawalla Finance Private Limited, a part of Cyrus Poonawalla Group, started its operations in April 2019. It is a systematically important non-deposit taking NBFC, having a net worth of USD 11.4 billion. Since its inception, it has crossed INR 1,500 Crores in AUM and offers digital lending services (Business Loans, Personal Loan) to Individuals, Professionals, and MSMEs, via the online and offline ecosystem.
What is this Special Term Loan scheme for Chartered Accountants?
This Professional Loan for Chartered Accountants has been rolled out to meet their professional requirements for quick financing. This customized loan is in line with their requirement of low-cost funds for their practice as well as for their personal exigencies. It is aimed to benefit over three lakh Chartered Accountants (members of ICAI).
Features of Term Loan scheme for Chartered Accountants:
- No Collateral/security
- Quite an attractive rate of Interest
- The scheme offers Personal and Professional loan with ZERO prepayment charges
- Minimal documentation and quick approval timelines
- Easy and 100% Online application process
- Applicable for individuals between 22-65 years of age
Mr. Abhay Bhutada, MD and CEO, Poonawalla Finance said, “This special loan scheme is a part of our mission to offer credit support to enterprises and individuals so that they can meet their credit requirements.”
In these unprecedented times, when individuals and businesses are facing a serious liquidity crunch, such tailor-made schemes are extremely helpful to boost our economic growth. Availing easy credit facility, with no hidden and extra charges, comes as a breather to strengthen the entrepreneurial ecosystem of India and it will help Chartered Accountants to boost their business requirements.
With great sentiments for this scheme, Poonawalla Finance cited that they received more than 4,000 loan applications within the first month. Out of this, they have already sanctioned loans to more than 1500 Chartered Accountants, worth Rs.150 crore.
Mr. Adar Poonawalla, Chairman, Poonawalla Finance, says, “It is delightful to have the special loan scheme to support the credit needs of the Chartered Accountant professionals in these unprecedented times”.
This indeed comes as a very flexible opportunity for CA’s, with Poonawalla Finance’s belief in their customer-centric model. India needs such Financial lending and the innovative concept’s to rise back to its economic glory!
The information presented is only for informational purposes and shouldn’t be seen as any kind of advice. Always refer to your Financial Advisor for financial advice.